U.S. Global Investors Inc. filings document formal disclosures for a registered investment adviser whose revenue is generated by investment management services. Recent Item 2.02 Form 8-K reports furnish quarterly and fiscal-year earnings releases, including assets under management, operating revenue, investment income and profitability for the advisory business.
The company’s Exchange Act filings also record dividend-related other events, fund and ETF strategy updates, and reporting-status matters such as Form 12b-25 notifications for delayed periodic reports. These filings provide the formal record of GROW’s operating results disclosures, corporate investment activity, shareholder distributions and public-company compliance obligations.
Gator Capital Management, LLC, a ten percent owner of U S Global Investors, Inc. (GROW), reported a series of open-market purchases of Class A Common Stock (Non-Voting) during May 2026. Across nine transactions from May 1 to May 28, it bought 38,293 shares at prices generally around the mid‑$2.50s per share.
After these trades, the Form 4 and footnotes state that 1,100,767 shares are beneficially owned in the aggregate, held across Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account, over which Gator Capital exercises investment discretion. The firm disclaims beneficial ownership except to the extent of its pecuniary interest. One transaction price is disclosed as a weighted average, and the filing notes that this Form 4 is being filed late.
U S Global Investors Inc saw adviser-managed client accounts associated with control person Derek Steven Pilecki buy a net 38,293 shares of Class A non-voting common stock in open-market transactions during May 2026, at prices around $2.55–$2.63 per share.
According to the disclosure, a total of 1,100,767 shares is held across Gator Financial Partners, LLC, Gator Qualified Partners, LLC, ECA Fund, LP, and a managed account, and Gator Capital Management, LLC disclaims beneficial ownership except to the extent of its pecuniary interest. The Form 4 notes that it is being filed late.
Gator Capital Management, LLC, an investment adviser, reported initial beneficial ownership of 1,062,474 shares of U S Global Investors Inc. Class A Non‑Voting Common Stock through multiple client accounts. The firm holds these shares with investment discretion and disclaims beneficial ownership beyond its pecuniary interest.
The filing notes that Gator Capital became a more than 10% beneficial owner on April 1, 2026, after the issuer’s share repurchase program reduced shares outstanding. The Form 3 was filed late, and the reporting person explains it had been monitoring ownership using earlier 10‑Q share counts.
U S Global Investors, Inc. disclosed that investment adviser Gator Capital Management, LLC, together with its managing member Derek Pilecki, became a more than 10% beneficial owner of the company’s Class A Common Stock (Non-Voting) as of April 1, 2026.
The filing reports indirect beneficial ownership of 1,062,474 shares held across multiple client accounts over which Gator Capital Management has investment discretion. These include Gator Financial Partners, LLC with 916,799 shares, Gator Qualified Partners, LLC with 64,753 shares, ECA Fund, LP with 74,922 shares, and an individual managed account with 6,000 shares.
The 10% threshold was crossed after a reduction in U S Global Investors’ shares outstanding from its share repurchase program, as reflected in the company’s Form 10-Q for the period ended December 31, 2025. Gator Capital Management and Derek Pilecki disclaim beneficial ownership beyond their pecuniary interest.
U.S. Global Investors, Inc. Schedule 13G/A amendment states that several related reporting persons are terminating their Section 13(d)/13(g) reporting obligation for Class A (Non‑Voting) shares because those shares are non‑voting. The amendment records beneficial ownership amounts held by the group, including 1,100,767 shares (10.65%) held by Gator Capital Management, LLC and Derek Pilecki, and notes the holders will report their Class A positions on Form 3 and Form 4 filed concurrently.
The filing clarifies the change is procedural: the beneficial ownership counts remain above 5% but are treated as non‑voting and therefore outside Section 13(d)/13(g) scope. The amendment is signed by Derek Pilecki and references a Joint Filing Agreement dated July 1, 2025.
U.S. Global Investors, Inc. is restating its earnings per share (EPS) for the quarter and nine months ended March 31, 2026, and has advised that prior financial statements for these periods should no longer be relied upon. The company found a spreadsheet formula omission that understated weighted-average shares by 702,484 for the quarter and 230,743 for the nine months, causing basic and diluted EPS to be overstated by $0.02 and $0.01, respectively. The corrected basic and diluted EPS for the quarter is $0.21, with restated weighted-average shares of 12,561,208 basic and 12,585,586 diluted. The error does not affect revenue, expenses, net income, cash flows, or period-end shares, but management concluded a material weakness existed in internal control over financial reporting related to review of the share-count calculation and is implementing enhanced spreadsheet and review controls. The company highlights that net income for the quarter was $2.7 million and average assets under management reached $1.6 billion, and notes it has repurchased about 2.7 million shares over five years, more than 20% of its common stock.
U S Global Investors Inc CEO/CIO and 10% owner Frank E. Holmes reported updated holdings of Class A Common Stock. On May 29, 2026, he completed a restricted stock purchase under an employee stock purchase plan, acquiring 904 shares at $2.64 per share. Following this transaction, he holds 301,024 shares directly, plus 221,656.77 shares indirectly through a 401(k) account and 32,862 shares indirectly through an IRA.
U S Global Investors CFO Lisa Callicotte reported an "other" equity transaction involving 359 shares of Class A Common Stock at $2.64 per share. A footnote explains this was a restricted stock purchase under an employee stock purchase plan, indicating a compensation-related equity acquisition rather than an open-market trade.
Following this transaction, Callicotte directly holds 38,285 shares of Class A Common Stock. The filing reflects a routine, small-scale change in her equity position tied to a company stock purchase program.
U.S. Global Investors, Inc. reported a solid turnaround for the quarter ended March 31, 2026, posting net income of $2.7 million, or $0.23 per share, compared with a net loss of $0.03 per share a year earlier. Operating revenues were $2.8 million, up 10% from the prior quarter and 31% year over year, driven by strength in gold and natural resources strategies, which helped lift average assets under management to $1.6 billion.
The firm also highlighted rapid growth in its U.S. Global Technology and Aerospace & Defense ETF (WAR), whose assets nearly doubled to about $20 million over the quarter, and continued resilience in its airline (JETS) and shipping (SEA) ETFs. Shareholder returns remain a focus: shareholder yield for the 12 months ended March 31, 2026, was 9.96%, supported by monthly dividends of $0.0075 per share through June 2026 and an active buyback program that repurchased 776,299 shares over the past year.
The company ended the quarter with approximately $36.2 million in net working capital and $24.6 million in cash and cash equivalents, indicating a strong liquidity position. Management plans to discuss these results on a webcast scheduled for May 14, 2026.
U.S. Global Investors, Inc. reports a return to profitability for the quarter and nine months ended March 31, 2026, driven largely by investment gains. For the nine‑month period, operating revenue from advisory and administrative fees rose to $7.524 million from $6.492 million, while operating expenses were $8.039 million, yielding an operating loss of $0.515 million, narrower than the prior year’s loss.
Net investment income increased to $4.482 million from $1.819 million, supported by unrealized gains on trading securities and other investments. As a result, nine‑month net income improved to $3.338 million versus a net loss of $0.153 million a year earlier, with basic and diluted EPS of $0.27 compared with a loss of $(0.01) per share. For the March 2026 quarter, net income was $2.677 million versus a loss of $0.382 million.
Total assets were $48.921 million at March 31, 2026, including cash, cash equivalents, and restricted cash of $25.575 million and trading securities at fair value of $12.428 million. Shareholders’ equity increased to $46.048 million, reflecting earnings despite ongoing share repurchases. The company repurchased 597,861 Class A shares for about $1.6 million in the first nine months of fiscal 2026 and continued monthly cash dividends of $0.0075 per share, authorized through June 2026. Assets under management, including ETFs and USGIF funds, were approximately $1.4 billion at March 31, 2026, up from about $1.2 billion a year earlier.